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What are trade secret?

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Anonymous

12y ago
Updated: 12/31/2022

"A trade secret is a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers. In some jurisdictions, such secrets are referred to as "confidential information" or "classified information"."

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Damion Dooley

Lvl 10
2y ago

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Use trade secret in a sentence?

Building covered bridges without metal nails, metal screws or metal bolts is a trade secret. Classified information could be considered to be a trade secret.


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Is the word trade a verb?

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Is there any protection possibly available under Trade Secrets Act if the product developed using the trade secret is marketed publicly?

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